All Forum Posts by: Jenna Lee

@Kevin Breazeale I really like my CPA but he is in Atlanta, if your still interested PM me.

@Tony F. Oh Tom, I honestly haven’t heard of anything better. Do management companies usually not charge both?? I thought they did

@Thomas S. Even when you sell your home, your mortgage gets paid off.

@Scott Rubzin my property manager charges me 1st month rent (when she finds a tenant and also when the tenant renews the lease) she also charges 10% of the rent every month. My house that I acquired needed a lot of work but had a tenant in it. After acquiring the place, I had to replace the roof, and when tenant moved out there was a lot of damages so we had to hire a contractor to do almost a full blown renovation.,,.... she’s been great getting me quality contractors at a low cost..... and she’s asked me to directly pay them so I know she isn’t getting anything out of them and Minor little things I pay her, but I know she doesn’t have Mark-ups on them. She isn’t suppose to anyways.

@Philip Smith wow everyone posted really great advices...... My husband and my best friends husband were both so against us investing in realestate. I talked to my husband on numbers over and over again why this was a great investment.... blah blah and he was still so against it but. One day it just clicked with him and the same for my friend’s husband but it was also because the house that I bought when I was single did very well for us. . I am a risk taker and I would personally tel u to take the equity out and go for it!! But you really should do through research, have some savings Incase something happens...... etc..... but without risk, how can you make any money? But do your due diligence to the T to mitigate risk. . One thing I do have to say though, I have purchased several properties and have been attached to every single one of them. I think this is bad.... you’ll always be able to get another amazing property. Now, I try to be very logical with my properties, meaning if the numbers don’t work they gotta go~~~ if I was a millionaire, I’ll keep them all, but I am not there yet. Personally, I would run the numbers with your wife carefully and explain to her that u can get better bigger house later when u become a millionaire, if your keeping the house solely because of attachment to me it’s not the wise thing to do..... and u also need to factor your current financial situation.... if the house is causing u to live paycheck to paycheck without providing u the means to save or create stress, that house is probably not a good house for u.

@Reggie Maggard. I charge $50/pet without allowing any aggressive breeds. I think you have to check with your state to see what is allowed. My property manager told me I can only charge the rent or a deposit not both... in Seattle. My current renter has 2 Pets and it’s been quite lucrative :)

Originally posted by @Steve R.:

@Jenna Lee North Austin is really booming. Cedar Park, Leander and Round rock have pretty good schools as well. Domain is developing to be the 2nd downtown of Austin. The 133 acres apple campus is being built on An empty tract of land which is part of a huge ranch called Robinson ranch. The total size of the ranch is 7000 acres and the owners have been courting developers since the start of the year to develop a part of it. This is a prime piece of land in North Austin and expect lot more companies and mixed use development to happen here. With apple coming in, expect atleast 20 to 30% imcrease in property value once the campus starts operating in its capacity. If Robinson ranch is going to be built out, then the appreciation near that area would be crazy. Concentrate on areas within a 10 mile radius of this apple campus up north. Leander has a metro station which connects to Domain and very close to the apple campus as well. Try to look into properties in Leander near the rail station. They have new schools being built there as well. Very good area for future appreciation and rental yields.

 Wow Steve! Your awesome!!! Thank u so much for that. I am gonna send u a connect request. :)

@Liz Nutting @Liz Nutting I feel like I am repeating what everyone is saying but ..... This is why I have a property manager for my place. I have a tendency to be too nice and they run all over me. My friend has a renter that is super high maintenance. They asked her to change her landscape contractor (why she didn’t have the landscape be her renters responsibility for a b/c class house is beyond me) and she has literally changed almost every appliances (not even that old) in that house just to keep them quiet. They even asked her to extend the hardwood floor into their closet. (They wanted more clean look) She is so stressed out and hates being landlord but need the additional income that the house brings so she puts up with it,.... at first I felt bad for her, but she is really allowing the tenant to run all over her. I keep telling her to either evict them or get a property manager becusse she is way too nice...... and u can’t be. Think about it this way, they saw the house when they first signed the lease... so they agreed on staying with the furnace. If they don’t like it well that’s just too bad. You could of had someone else that would have been okay with the furnace, but place them instead because they agreed to your terms and the house being the way it is..... I think you were being way too nice prorating their rent when u had a working furnace..... unless the furnace is some kind of a safety or health hazard....... you shouldn’t have to replace it, and I agree with Brian Larson, if they are misusing property because they don’t like the furnace, I would make them pay for repairs......or evict them. Period!!!

YES If anyone has any insight or a good source to do market research on good areas to purchase. That would be awesome. L)

Originally posted by @Jeremy Albers:

Thank you Jared!

 Hi Jeremy, welcome!! Greensboro brings so many good childhood memories for me. :)